Salesforce.com Inc (CRM) General Counsel Sells $195,495.87 in Stock
Salesforce.com Inc (NYSE:CRM) General Counsel Amy E. Weaver sold 1,831 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $106.77, for a total value of $195,495.87. Following the completion of the sale, the general counsel now owns 18,876 shares in the company, valued at $2,015,390.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Salesforce.com Inc (NYSE:CRM) traded down $2.93 during midday trading on Thursday, reaching $103.53. The company’s stock had a trading volume of 6,850,900 shares, compared to its average volume of 4,428,981. Salesforce.com Inc has a one year low of $66.43 and a one year high of $109.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $76,896.06, a price-to-earnings ratio of 332.69, a P/E/G ratio of 10.00 and a beta of 1.24.
Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. analysts forecast that Salesforce.com Inc will post 0.43 earnings per share for the current fiscal year.
CRM has been the topic of several research analyst reports. Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target on the stock. in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday, August 21st. Credit Suisse Group reiterated an “outperform” rating and set a $115.00 price target (up from $110.00) on shares of Salesforce.com in a research report on Tuesday, August 22nd. Roth Capital reiterated a “buy” rating and set a $112.00 price target (up from $103.00) on shares of Salesforce.com in a research report on Tuesday, August 22nd. Finally, BidaskClub upgraded Salesforce.com from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $112.41.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Capital Analysts LLC raised its holdings in Salesforce.com by 14.1% during the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after buying an additional 156 shares in the last quarter. Peddock Capital Advisors LLC increased its stake in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares during the period. People s United Financial Inc. increased its stake in shares of Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after purchasing an additional 550 shares during the period. Shine Investment Advisory Services Inc. bought a new position in shares of Salesforce.com in the second quarter worth about $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares during the period. Institutional investors own 86.18% of the company’s stock.
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Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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